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April incentive changes?

Yeah, I'm also interested to hear the magical lease rates on HDs because when I checked on it three times over the past 6-7 years it was not viable. GM said they wouldn't even do it, 3 years ago a Ram 2500 6.4 was slightly higher than a loan payment. Last year when I bought my 6.7 the lease payment was $250 more per month and the 3 yr residual value price sucked so bad it would have been hard to sell it before turn in time.

I think leasing is great for certain vehicles and certain situations but on an HD truck my experience is you will be way better off 36 mo's in on a 60 or 72 mo loan
 
100k for 3500s up here 5k factory discount 3.5% for 8 years which is like 1500 mth what incentive? my mortgage has a better rate, so i refinance my house for 1.5% pay cash for the truck and my mortgage is 2/3 the cost of the trucks monthly payment
 
RAMMIT said:
100k for 3500s up here 5k factory discount 3.5% for 8 years which is like 1500 mth what incentive? my mortgage has a better rate, so i refinance my house for 1.5% pay cash for the truck and my mortgage is 2/3 the cost of the trucks monthly payment
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lol not quite but hey ... do what works for you!
 
RAMMIT said:
100k for 3500s up here 5k factory discount 3.5% for 8 years which is like 1500 mth what incentive? my mortgage has a better rate, so i refinance my house for 1.5% pay cash for the truck and my mortgage is 2/3 the cost of the trucks monthly payment
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Hey if it works for you awesome but your mortgaging a truck at 1.5% per year over the life of the mortgage provided rates don't go up when mortgage comes due next. I financed mine at 2.99% over 8 in Saskatchewan and just make extra payments whenever I'm working the overtime lol. Will likely pay for in 4-5 years and save the interest. I plan on keeping it for a long time provided I don't get the dreaded cp4.2 disco inferno in which case it will be gone before the extended warranty is.
 
whitexc said:
So you lease your HD?

I am buying this truck....outright for the most part. I am going to finance some, depending on the rates and terms available at delivery. I have a credit union with good number so may just use them. Whatever it is will be short lived, maybe 36 mo's.

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I will, they lease great. Far less than a loan payment and in my state, no sales tax upfront. Just a little on each monthly paymant. Only pay tax on the “portion” you use. So if depreciates say 40% in first 3 years, I’m only paying 40% of the sales tax I guy who bought it outright would pay. Also no money down—use your money elsewhere. Even if I had 90k in cash, I’d never give it to the dealership. Lease truck for $1300/month and use cash as down payment on a few income properties. #Winning
 
Ya know I respond to a post about April incentives and all you guys want to do is bash how I and another member get financing which has nothing to do with this post. You have NO and that in investor terms is zero what my financial situtuation is and I,m not going to spend anytime on explaining it to all of you financial gurus
 
EastCoaster said:
Why would you think that? I got a little over 22% off MSRP by paying cash!
Bet you can't same the same when taking financing. Besides, I don't like making payments.
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I got 18% off while being financed...

If you know anything about money, you can get anywhere between 6-10% interest on an investment.. which means all the money you just plopped into a depreciating asset could instead be paying for it, without breaking the bank.
 
RAMMIT said:
Ya know I respond to a post about April incentives and all you guys want to do is bash how I and another member get financing which has nothing to do with this post. You have NO and that in investor terms is zero what my financial situtuation is and I,m not going to spend anytime on explaining it to all of you financial gurus
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A lot of experts/gurus on here.
 
Greenhills said:
I got 18% off while being financed...

If you know anything about money, you can get anywhere between 6-10% interest on an investment.. which means all the money you just plopped into a depreciating asset could instead be paying for it, without breaking the bank.
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Odd you say that. Trucks are not depreciating very much up here because there is too many Americans that are willing to pay big bucks for trucks.
That, coupled with a 30% exchange rate means we are not loosing much on a truck purchase over a 1, 2 or 3 year period. I just sold my 2017 F350,
went to Texas, and I only lost $5000 on the truck after owning it for 3 years.

I don't believe you got 18% off with financing!
 
Some just don't want a payment. I haven't had a truck payment in over 10 years. I don't want one now although I will be financing a small portion to keep some money available should the need arise. I have a pension and invest enough that I will be plenty comfortable when I retire.

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I got like 17.6% with financing. However it was a left over 2020 so no charge diesel and then they took more off because we supposedly get preferred pricing through my work. I didn't know about the cp4 so hopefully it holds together lol. Im in no way here to tell people how to spend there money do whatever makes you happy. I do have a bit of an opinion about mortgaging a truck but ill leave that alone everyone has there own unique finacial situation. Also yes the US is hungry for used trucks my dad traded off his lariat superduty with 90k and got a new king ranch for not very much difference. He wasn't even looking for a new truck but it was a great deal. His old truck didnt even go on the lot. It went straight to a wholesaler and then south.
 
No body is really wrong Its whatever works for your situation. If you have the cash in the bank great! I could have pulled invested money and payed for the truck but I'm making more than 2.99% with said money so Ill use there money and pay it off early take my interest hit and be money ahead. Truck is going to depreciate too a vehicle is never a wise investment but if they make you smile there worth it. If I was retired I would pay cash however I'm in my 30's (just barely lol) and making decent money and can make extra payments. However financing gives me flexibility incase I need/want to spend my cash on other things that month.
 
EastCoaster said:
Odd you say that. Trucks are not depreciating very much up here because there is too many Americans that are willing to pay big bucks for trucks.
That, coupled with a 30% exchange rate means we are not loosing much on a truck purchase over a 1, 2 or 3 year period. I just sold my 2017 F350,
went to Texas, and I only lost $5000 on the truck after owning it for 3 years.

I don't believe you got 18% off with financing!
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In 2002 I paid $42,000 for my 2003 Laramie dually. I did put on some accessories such as running boards, a hitch, exhaust brake, that sort of thing. After 18 years I sold it for $21,000. Mind you I took really good care of it, I threw in some filters I had left over, and it never saw road salt. I was pretty happy and so was the buyer. To top it off I invested the $21,000 and in the four months waiting for the new one, it returned $7,000. Tech stocks are risky but in this instance it paid off. Figured that was pretty good.
 
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